Business & Finance: Lean Year

Not since the dust storms blew across Kansas in 1936 have winter wheat prospects looked so bad. In some Kansas counties last week, 80% of the 1951 crops had been abandoned because of drought, sub-zero winter temperatures and insects. Across the rest of the U.S. wheat belt, prospects were almost as poor: one expert predicted a 624,970,000-bushel crop, 21% less than the ten-year average, and 18% less than last year. Because of the estimated big carryover of 425 million bushels as of July 1, there will be plenty of wheat this year for...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!